Innovation Masters: Banks at the forefront of women's business empowerment

SME Banking
15/04/2024 Article
profile picture of Boris Plantier

Boris Plantier


Head of content

In recent years, there has been a growing recognition of the importance of empowering female entrepreneurs in driving economic growth and promoting gender equality. Recognizing the significant role that women play in the business world, some banks have stepped up to provide support and resources tailored to their specific needs.

One key reason why banks are focusing on helping female entrepreneurs is the acknowledgment of the gender gap in access to financial services and capital. Historically, women have faced greater challenges in securing funding and accessing resources necessary to start and grow their businesses. By addressing these barriers, banks can help level the playing field and unlock the full potential of female-led businesses.

Banks are offering a range of initiatives to support female entrepreneurs, including specialized loan programs, mentorship opportunities and networking events. These programs not only provide financial assistance but also offer guidance and support to help women navigate the complexities of entrepreneurship. By fostering a supportive environment and providing tailored resources, banks are empowering female entrepreneurs to thrive and succeed in the business world.

Below is a selection of innovative projects empowering female entrepreneurship, submitted for the Qorus Banking Innovation Awards in recent years by KCB, NBK, Maybank, Bradesco, Banco Pichincha and UniCredit. 

Want to keep reading?

Create a web account to get access to more insights

Related news & insights

24/05/2024 Video

Innovative climate action: ImaginPlanet's focus on biodiversity and water preservation

Teresa Buxeda is the Project Manager of ImaginPlanet, shares imagin's biodiversity protection success story of imagin's coral restoration project.

24/05/2024 News

ImaginPlanet's commitment to sustainability: A milestone achievement in 2023

imagin successfully removed 100 tonnes of plastic from the oceans, marking a substantial milestone in its environmental efforts.

24/05/2024 News payment card provides access to over 300,000 charging stations in Europe has integrated the Idemia Card Connect technology over the past two years to enhance its payment card services. This...

SME Banking
20/05/2024 News

CBA enhances sustainability tool for small businesses with new partnerships

Commonwealth Bank of Australia (CBA) has upgraded its Sustainability Action Tool by partnering with BioPak and EnergyFlex to help small...

20/05/2024 News

AXA and the Universal Postal Union (UPU) join forces to advance inclusive insurance through postal networks

This collaboration aims to use the extensive reach and trust of postal services to offer financial protection to underserved populations.

19/05/2024 News

Sun Life launches innovative insurance solution for Canadians living with diabetes

This industry-first offering provides a higher chance of approval, affordable premiums, and personalized care to empower individuals with diabetes.

18/05/2024 News

P&N Bank prioritizes inclusive experiences in new branches

Recognizing that 4.4 million Australians live with disabilities and many identify as neurodiverse, P&N Bank collaborated with community consultants with...

SME Banking
18/05/2024 News

Banco Sabadell launches first fully digital account for self-employed individuals

This new Online Account features a 100% digital onboarding process and extends the benefits of retail accounts to self-employed customers....